By: Iraqi news

The Eco Iraq Observatory, a specialized economic monitor, announced today, Tuesday, that the value of Iraq’s gold reserves increased by 4.76% during the first half of 2025. This rise is a direct result of increasing global gold prices.

According to a press statement from the observatory, Iraq possesses 162 tons of gold as part of its national reserves. The value of gold per ton rose from $105 million in January 2025 to $110 million by the end of June 2025, a gradual increase that directly contributed to the overall appreciation of the country’s gold reserves. The observatory emphasized that gold remains one of the most critical strategic assets for bolstering a nation’s financial strength.

This increase aligns with data previously released by the Central Bank of Iraq in July. According to official statistics reviewed by Shafaq News Agency, the value of gold within Iraq’s foreign currency reserves reached 22.492 trillion Iraqi Dinars by the end of April. This marked a 5.62% increase from the value in March and a 17.72% increase from December 2024. The data also showed a substantial long-term rise, with the value of gold increasing significantly from 12.293 trillion Dinars in December 2023.

The Central Bank previously disclosed that Iraq’s total foreign currency reserves stood at $98.089 billion at the end of April. The rising value of gold assets enhances the country’s financial stability and provides a hedge against global market volatility.